Pre-Market IV Report July 6, 2022

Pre-Market IV Report July 6, 2022

The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By monitoring this market data, traders can create strategies that capitalize on this often over looked information.

Options with increasing option implied volatility: FFIE RDBX BRCC UAA DB LUMN AKAM COWN EBON UAVS REV HGEN

Stocks expected to have increasing option volume: USO XLE XOP CVX XOM SLB HAL

Copper and oil prices offered lower

Freeport-McMoran (FCX) 30-day option implied volatility is at 64; compared to its 52-week range of 40 to 64 as copper trades near 18-month low.

United States Oil Fund (USO) 30-day option implied volatility is at 49; compared to its 52-week range of 29 to 80. Call put ratio 1 call to 1.8 puts.

United States Natural Gas (UNG) 30-day option implied volatility is at 71; compared to its 52-week range of 39 to 198. Call put ratio 1.9 calls to 1 put.

Option implied volatility elevated for refiner companies

Phillips 66 (PSX) 30-day option implied volatility is at 54; compared to its 52-week range of 32 to 54. Call put ratio 2.3 calls to 1 put.

Marathon Petroleum (MPC) 30-day option implied volatility is at 52; compared to its 52-week range of 31 to 51.

Valero Energy (VLO) 30-day option implied volatility is at 60; compared to its 52-week range of 32 to 60.

Cruise stocks option IV elevated

Norwegian Cruise Line (NCLH) 30-day option implied volatility is at 94; compared to its 52-week range of 46 to 95.

Carnival Corp. (CCL) 30-day option implied volatility is at 94; compared to its 52-week range of 41 to 101.

Royal Caribbean (RCL) 30-day option implied volatility is at 88; compared to its 52-week range of 36 to 88.

Straddle prices for stocks expected to report quarterly results

Levi (LEVI) July 16 straddle priced for a move of 11% into the expected release of quarter results after the bell on July 7.

Revlon (REV) 30-day option implied volatility is at 263; compared to its 52-week range of 55 to 616. Call put ratio 1.7 calls to 1 put.

Options with decreasing option implied volatility: KSS UMC IPOD NKE
Increasing unusual option volume: EWC FTI DBD BLUE ICE LAZR
Increasing unusual call option volume: FTI BLUE ICE CLAR CLVS FFIE
Increasing unusual put option volume: EWC ICE GSG EAT UMC
Popular stocks increasing volume: SHOP AAL CCL PYPL
Active options: AMZN TSLA AAPL NVDA AMD META F RBLX BAC XOM AMC BABA MU MSFT NIO SHOP AAL CCL FFIE PYPL
Global S&P Futures mixed in premarket, Nikkei down 1%, DAX up 1%, WTI Crude oil recently at $100, natural gas up 2%, gold at $1768 an ounce